Company Update (NASDAQ:AMD): Advanced Micro Devices, Inc. Introduces New A-Series Desktop Processors

Advanced Micro Devices, Inc. (NASDAQ:AMD), the company whose technology helps power the Microsoft® Xbox One™ and the Sony® PlayStation 4™, introduced the newest addition to its A-Series line of desktop processors. The A8-7670K APU provides a superb experience for Microsoft Windows 10, mainstream workloads, and eSports online gaming.

The A8-7670K is an affordable APU that combines the energy efficient processing power of an AMD CPU with the pixel pushing power of AMD Radeon™ graphics (GPU) in one convenient package. Users can easily multitask modern workloads and stream video in Windows® 10 or mow down their enemies in popular eSports online gaming titles such as Counter Strike®: Global Offensive. Powered by 10 compute cores (4 CPU + 6 GPU)1, the A8-7670K APU provides the processing and graphics capability budget conscious mainstream users need today.

“AMD takes great strides to deliver innovative technology that provides the performance and convenience customers need today and tomorrow. The AMD A8-7670K APU is no exception. Our newest APU provides a smooth user experience and is engineered for Windows 10 and eSports online gaming,” said Kevin Lensing, Sr. Director, Client Business Unit at AMD.

“The new addition of the AMD A8-7670K APU allows us to deliver more options for discerning mainstream PC buyers,” said Zack Shutt, Vice President at Xidax. “AMD’s latest driver and feature support allow incredible new entry points for impressive gaming technologies such as FreeSync™ and Virtual Super Resolution.” (Original Source)

Shares of Advanced Micro Devices closed last Friday at $1.79. AMD has a 1-year high of $4.32 and a 1-year low of $1.74. The stock’s 50-day moving average is $2.29 and its 200-day moving average is $2.57.

On the ratings front, Advanced Micro Devices, Inc. has been the subject of a number of recent research reports. In a report issued on July 17, Susquehanna analyst Chris Caso maintained a Hold rating on AMD, with a price target of $2, which represents a potential upside of 11.7% from where the stock is currently trading. Separately, on the same day, UBS’s Stephen Chin reiterated a Sell rating on the stock and has a price target of $2.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Chris Caso and Stephen Chin have a total average return of 19.0% and 15.5% respectively. Caso has a success rate of 73.9% and is ranked #182 out of 3712 analysts, while Chin has a success rate of 60.7% and is ranked #391.

Overall, 3 research analysts have rated the stock with a Sell rating, 7 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $2.84 which is 58.7% above where the stock closed last Friday.

Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.

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